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Signing the MoU.

TECOM Investments and the Dubai Carbon Centre of Excellence sign a MoU on emission carbon emission abatement for TECOM Investments’ Business Parks

: Tuesday, March 18 - 2014 @ 15:24

Dubai Carbon Centre of Excellence and TECOM Investments will work collaboratively to identify emission reduction opportunities in its free zone business parks. HE Waleed Salman, Chairman of Dubai Carbon and Dr. Amina Al Rustamani, Group CEO of TECOM Investments formalised the collaboration through the signing of a Memorandum of Understanding (MoU) on March 6th 2014.

One of TECOM Investments’ largest portfolio companies is TECOM Free Zone Business Parks; this comprises nine business parks arranged under four industry clusters across the ICT, Media, Education and Science sectors. Dubai Design District, better known as d3, is the newest of TECOM Investments’ free zone business parks with 10 buildings currently under construction. Once complete, d3 will be purpose built environment catering to the full value chain of the design, fashion and luxury industry – and all with the vision of creating a world class creative community that engages, nurtures and promotes local, regional and global design talent.

In the first phase, Dubai Carbon will analyse each park’s operations and identify potential emission reduction initiatives starting with d3.

Dr Amina Al Rustamani commented that “in this reinvigorated business climate, we should exceed expectations and leverage the public private partnership route to increase our ambition and provide the end-users with more options to fulfil theirs.”

The parks are today home to over 4,500 businesses, including major multinationals and many of the Fortune 500 companies. These will be the ultimate beneficiaries of resource inventory and efficiency strategies that will lead to increased quality of living and working standard, in line with international best practices. Dubai Carbon has been appointed to analyse and advise on the operations of all members of Dubai Holding, in an effort to generate efficiencies and cost savings though comprehensive strategy development. The agreement with TECOM Investments is first in line, with all entities of Dubai Holding following.

Commenting on the MoU, Mr. Waleed Salman, Chairman of Dubai Carbon Centre of Excellence said, “The collaboration with TECOM Investments has the potential to become Dubai’s flagship for resource efficient commercial developments. TECOMs’ core objective is to act as a catalyst that drives the growth of businesses and people. The collaboration with Dubai Carbon will introduce environmental considerations that will ultimately lead to the support of green business practices within TECOM Free Zone Business Parks.”

Dubai Carbon operates under the umbrella of the Dubai Supreme Council of Energy in partnership with the United Nations Development Programme to assist the public and private sector in improving their financial and environmental performance through Energy and Resource Audits (“Carbon Footprints”), comprehensive Emission Reduction Strategies as well as project development and execution, and Clean Development Mechanism (CDM), which is the registration of emission reduction projects, including renewable energy and waste management initiatives as well as awareness campaigns.

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Tuesday, March 18- 2014 @ 15:24 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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